Please Refer to Table 6.1. for These Questions

question 14

Multiple Choice

Please refer to Table 6.1. for these questions.

-A panel size is:

• A) the total number of patients who see a physician on a regular basis
• B) a panel of physicians who are seeking a new treatment
• C) a panel of patients who are trying out a new treatment
• D) All of the above
• E) None of the above

---

Definitions:

Variable Costs

Costs that vary directly with the level of production or output, such as materials and labor directly involved in production.

Production

The process of creating goods and services from various inputs such as labor, technology, and raw materials.

Variable Costs

Outlays that shift directly in line with the magnitude of output or production.

Production

The creation of goods and services using labor, technology, and inputs of raw materials to meet consumer demand.